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Bitcoin (BTC) - volatility period (last day)

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
On the first day of the volatility period, touched 7299 ~ 6571 points, and on the second day touched 7049.5 ~ 6600 points.

This is the last day of the volatility period.

We need to see if we can climb above 7060 today.

You should also make sure that you can break through a section of 50 EMA to 700 EMA .

It is possible to touch the uptrend line (2) again today.

We are making a lot of effort to climb above 7060 in the 6543 ~ 7060 section.

The MACD continues to rise towards point 0, and the RSI also rises to near point 50.

We need to make sure that these forces converge to raise the price.

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I think it is a good idea to stop trading and watch the trend during the period of large fluctuations from April 3rd (2nd to 4th).

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Most altcoins are affected by the flow of BTC and are gradually losing power.

In this case, you need to be careful about altcoin trading.
We believe that the altcoin must have a lower USDT dominance in order to gain power.

Before trading altcoins, it is recommended to check the flow of the USDT Dominance Chart and the BTC Chart first.

USDT dominance chart.

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Comments

"I think it is a good idea to stop trading and watch the trend during the period of large fluctuations from April 3rd (2nd to 4th)".
Good advice.
Reply
@cyzdog, Thanks for the comment.
Reply
Very good.
Reply
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